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M Narasimham, Father of Indian Banking Reforms, is No More
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Born at Nellore on 3 June 1927 Maidavolu Narasimham, father of financial and banking Reforms breathed last on 20 April 2021. This 94-year-old legend in banking was the only person joining the Reserve Bank of India (RBI) as a research officer in the department of research and statistics, to return as governor of RBI for the shortest period of seven months, after serving the government of India as additional secretary in the department of economic affairs in 1972. He was secretary for banking from where he rose to the position of governor of RBI.Â
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In the words of his mentee, Dr YV Reddy, former governor of RBI, M Narasimham is a ‘gentleman and statesman’.Â
Narasimham, architect of India’s banking reforms, passes away; financial sector in mourning
By M Somasekhar| Published: 21st April 2021 5:02 pm IST
M Somasekhar
In the royal meeting hall of Bella Vista in Hyderabad, one familiar personality, who strode the dais with his prominent presence and erudition for over two decades (1993-2015) was Dr M Narasimham, the former Governor of the Reserve Bank of India (RBI).
Though short statured his baritone voice and crisp but insightful observations at many important policy meetings, training courses for MPs, IAS, brainstorming sessions etc., as Principal and later as Chairman of the Board of the Administrative Staff College of India (ASCI), surely have left a deep imprint.
The drinking water projects are expected to provide clean and safe drinking water to 25.46 lakh rural population across 3.50 lakh household in 1,335 villages of the state
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